In addition to luring the investment management firm from Equity Office Properties Trust's Presidents Plaza II at 8700 W. Bryn Mawr Ave. in Chicago, John Hancock Life Insurance Co. signed a 5,975-sf lease. Although terms were not disclosed, Prentiss Properties was collecting an average of $26.33 per sf on a gross basis, according to its second-quarter financial report. Equity Office Properties Trust is asking a net lease rate of $12 per sf at Presidents Plaza.

Steve Joseph of CBIZ-Gibraltar Real Estate Services represented Deerfield Capital Management while Bob Stone of National Realty Advisors handled negotiations for John Hancock Life Insurance. The building also is the home of Prentiss Properties' Midwest regional office, whose staff includes director of leasing Steve Degodny. That office is likely to stay even though the company is selling out of the market. Also, Great West Life Insurance & Annuity Co. signed an 18,591-sf renewal while Robert Half International Inc. is staying in 3,960 sf.